12.08.2013 12:08:00
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Bright Food (Group) Co., Ltd. -- Moody's sees credit positive on Bright Food from Fonterra's milk powder safety issue
Hong Kong, August 12, 2013 -- Moody's sees it is credit positive on Bright Food (Group) Co. Ltd's Baa3 rating and stable outlook after China suspended the import of milk powder from New Zealand Dairy Producer Fonterra (unrated) temporarily, following its recall of the company's potentially contaminated whey protein concentrate. Fonterra is the largest milk powder supplier to China with around 60% market share.